Any school treasurer who converts to his own use in any way whatsoever, or uses by way of investment, any portion of the school funds or school property entrusted to him for safekeeping or disbursement, or proves to be a defaulter, or fails to pay a proper school warrant when properly presented, or when legally required to do so, or fails to pay said funds or any part thereof to his successor in office, or to any other person authorized to demand and receive the same, or receives and accepts for his own use any interest or profit on any school funds, or fails to account for and pay over to the proper school district any and all interest or profit collected by or paid to him on account of any school funds in his hands, or deposited by him, or deposits any of the funds of the school district in any other name than in the name of the school district, shall be guilty of embezzlement of so much of said money as shall thus be taken, converted, invested, accepted, collected, used, not paid over, unaccounted for, or wrongfully deposited. Every school treasurer, and every person aiding or abetting, or being in any way an accessory to said acts, or any of them, shall be guilty of a misdemeanor, and on conviction thereof, shall be sentenced to pay a fine for the use of the school district of not less than twenty-five dollars ($25), and not more than one thousand dollars ($1000), or be sentenced to undergo imprisonment of not less than thirty (30) days, nor more than five (5) years, either or both, at the discretion of the court. Any school treasurer so convicted shall forfeit his office.